MFLX vs CPSP

Comparison between FIRST TRUST FLEXIBLE MUNICIPAL HIGH INCOME ETF (MFLX, ETF) and Calamos S&P 500 Structured Alt Protection ETF April (CPSP, ETF).

MFLX vs CPSP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MFLX(ETF)	CPSP(ETF)
Net Assets	$19M	$19M
Expense Ratio	0.75%	0.69%
Max Drawdown	29.72%	1.73%
Sharpe Ratio	1.27	2.00
5Y Beta	-0.05	0.11
5Y Dividends CAGR	1.25%	N/A

Net Assets

MFLX

$19M

CPSP

$19M

Expense Ratio

MFLX

0.75%

Winner

CPSP

0.69%

Max Drawdown

MFLX

29.72%

Winner

CPSP

1.73%

Sharpe Ratio

MFLX

1.27

Winner

CPSP

2.00

5Y Beta

Winner

MFLX

-0.05

CPSP

0.11

5Y Dividends CAGR

MFLX

1.25%

CPSP

N/A

MFLX vs CPSP - Historical Returns

Returns include dividend reinvestment.

Period	MFLX	CPSP
1 month	+0.88%	+0.24%
3 months	+2.16%	+2.13%
6 months	+3.76%	+3.47%
1 year	+8.72%	+6.63%
5 years(CAGR)	-0.12%	N/A
10 years(CAGR)	+2.15%	N/A
Max(CAGR)	+2.15%	+7.20%

Winner

MFLX

+0.88%

CPSP

+0.24%

Winner

MFLX

+2.16%

CPSP

+2.13%

Winner

MFLX

+3.76%

CPSP

+3.47%

Winner

MFLX

+8.72%

CPSP

+6.63%

5Y(CAGR)

MFLX

-0.12%

CPSP

N/A

10Y(CAGR)

MFLX

+2.15%

CPSP

N/A

Max(CAGR)

MFLX

+2.15%

Winner

CPSP

+7.20%

MFLX vs CPSP - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	MFLX	CPSP
2026	+3.30%	+2.99%
2025	+4.12%	+5.46%
2024	+4.73%	N/A
2023	+8.91%	N/A
2022	-19.65%	N/A
2021	+8.96%	N/A
2020	+7.00%	N/A
2019	+15.75%	N/A
2018	-4.71%	N/A
2017	+5.57%	N/A
2016	-7.63%	N/A

MFLX vs CPSP Drawdown Comparison

The maximum drawdown for MFLX was -26.76%, occurring on Mar 18, 2020. Recovery took 193 trading sessions.

The maximum drawdown for CPSP was -1.73%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.

The current MFLX drawdown is -3.69%. The current CPSP drawdown is -0.24%.

Rank	MFLX	CPSP
#1	-26.76% Feb 24, 2020 - Nov 25, 2020	-1.73% Apr 2, 2025 - Apr 29, 2025
#2	-25.88% Aug 24, 2021 - Oct 27, 2022	-0.38% May 16, 2025 - May 30, 2025
#3	-10.10% Sep 29, 2016 - Mar 26, 2019	-0.37% Nov 11, 2025 - Nov 25, 2025
#4	-4.45% Feb 11, 2021 - Apr 14, 2021	-0.36% Jun 12, 2025 - Jun 23, 2025
#5	-3.82% Sep 4, 2019 - Dec 11, 2019	-0.30% Jun 4, 2026 - Jun 10, 2026
#6	-1.54% Jul 12, 2021 - Jul 28, 2021	-0.25% Aug 13, 2025 - Aug 22, 2025
#7	-1.42% May 10, 2021 - May 26, 2021	-0.23% Oct 6, 2025 - Oct 20, 2025
#8	-1.05% Dec 11, 2020 - Dec 31, 2020	-0.17% Oct 27, 2025 - Nov 10, 2025
#9	-0.81% Apr 15, 2019 - May 2, 2019	-0.16% Jul 25, 2025 - Aug 4, 2025
#10	-0.73% Dec 31, 2020 - Jan 19, 2021	-0.16% Aug 27, 2025 - Sep 4, 2025
#11	-0.71% Dec 26, 2019 - Jan 7, 2020	-0.16% Sep 15, 2025 - Sep 17, 2025
#12	-0.69% Jun 10, 2021 - Jun 28, 2021	-0.15% Mar 4, 2026 - Mar 10, 2026
#13	-0.69% Dec 11, 2019 - Dec 26, 2019	-0.15% May 14, 2026 - May 26, 2026
#14	-0.67% Aug 4, 2021 - Aug 10, 2021	-0.14% Oct 21, 2025 - Oct 24, 2025
#15	-0.62% Aug 20, 2019 - Aug 28, 2019	-0.13% Feb 2, 2026 - Feb 6, 2026